DXP Enterprises, Inc. (NASDAQ:DXPE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of DXP Enterprises, Inc. (NASDAQ:DXPE) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $187.00.

A number of equities analysts have weighed in on DXPE shares. Weiss Ratings lowered DXP Enterprises from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 20th. Stephens boosted their price objective on DXP Enterprises from $160.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Freedom Capital cut shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of DXP Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of DXP Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

DXP Enterprises Trading Up 1.0%

DXP Enterprises stock opened at $187.73 on Tuesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.58 and a current ratio of 2.99. DXP Enterprises has a fifty-two week low of $84.04 and a fifty-two week high of $208.00. The stock has a market cap of $2.91 billion, a P/E ratio of 33.05 and a beta of 0.98. The firm’s fifty day moving average price is $174.37 and its 200-day moving average price is $158.84.

DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.17. DXP Enterprises had a return on equity of 18.51% and a net margin of 4.35%.The company had revenue of $576.46 million during the quarter, compared to analyst estimates of $543.00 million.

Insider Activity at DXP Enterprises

In other news, CMO Paz Maestas sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $164.37, for a total transaction of $1,643,700.00. Following the sale, the chief marketing officer owned 590,262 shares in the company, valued at approximately $97,021,364.94. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 22.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DXPE. California State Teachers Retirement System increased its stake in DXP Enterprises by 16,332.2% in the second quarter. California State Teachers Retirement System now owns 2,567,210 shares of the industrial products company’s stock valued at $433,191,000 after acquiring an additional 2,551,587 shares during the last quarter. Wasatch Advisors LP lifted its stake in DXP Enterprises by 480.2% during the fourth quarter. Wasatch Advisors LP now owns 754,706 shares of the industrial products company’s stock worth $82,859,000 after purchasing an additional 624,638 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in DXP Enterprises by 12,369,100.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 371,076 shares of the industrial products company’s stock worth $40,785,000 after purchasing an additional 371,073 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of DXP Enterprises by 12.7% in the 4th quarter. Wellington Management Group LLP now owns 1,219,299 shares of the industrial products company’s stock worth $133,867,000 after purchasing an additional 137,577 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of DXP Enterprises by 661.5% in the 1st quarter. Millennium Management LLC now owns 128,956 shares of the industrial products company’s stock worth $10,608,000 after purchasing an additional 112,021 shares in the last quarter. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises Company Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.